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20121201
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CNBC
Dec 1, 2012 6:00am EST
on the warning on the outlook for china. what does this mean for the other multinationals. this is much more than a single stock story because yum is looked at as a barometer for china growth. >> this year as mcdonald's was signaling that china was weakening we are seeing sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. just gave guidance on october 10. to me they may have a bit of a credibility problem. the other one we were talking about is tiffany's. they have downgraded yesterday and that was also based on china. you are getting it on both sides of the spectrum. >> that is a great point in terms of their guidance. that is what caught the markets by surprise given the proximity of the most recent guidance. now they are saying there are sudden slowing signs in china. >> sudden slowing signs seems strange to me. a lot of people are concerned about the china growth story for a while. before the fiscal cliff that was
CNBC
Dec 2, 2012 6:00am EST
on the outlook for china. what does this mean for the other multinationals. let's get in the monday and find out. dan, this is much more than a single stock story because yum is looked at as a barometer for china growth. >> that's a great point. >> this year as mcdonald's was signaling that china was weakening, chipotle. this year domestically, we're starting to see sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. relative to the competitors in china. about 45%. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. they just gave guidance on china sales on october 10th. to me they may have a bit of a credibility problem. the other one we were talking about is tiffany's. these are a tale of two cities. they have downgraded yesterday and that was also based on china. you are getting it on both sides of the spectrum. high end and low end. >> that is a great point in terms of their guidance. that is what caught the markets by surprise given the proximity of the most recent
CNBC
Dec 10, 2012 4:00am EST
of trade, as well. yes, an ipad in china gets made and it's value point $50. but it's only about $20 of that that goes to china and the rest goes back to the u.s. we'll get into the dynamics of trade, as well, and how we measure it. we'll also be joined by the ilo director general, as well, guy rider. we'll hear from the head of the world intellectual property organization. so it's a big trade day here from geneva on "worldwide exchange." lots of great things to get into. and by the way, 157 members of the wto, shortly to be 158. kazakhstan today should get the approval, all 157 ambassadors are here. they will get approval later this afternoon. so an ever expanding membership base. >> kazakhstan being just the latest. plenty more from ross straight ahead on the program. in the meantime, we want to check in our how markets are doing. so much attention on italy. in particular, you can see the message broadly speaking this morning is in negative, we're seeing about a four to one outpacing decliners versus vapsers here. the stoxx 600 is down abo about .37%. let's take a look across the t
CNBC
Dec 11, 2012 11:00pm EST
of chinese people shopping. do you go to china and let them know about saks? i think there is an opportunity that is untapped. it is one of our fastest growing customer bases. we are seeing a slowdown in european tourists. i believe that we need to do some marketing in china. we need to see the u.s. as one of the great destinations of the world. >> i was recently at a competitor of yours. they had mark downs on warm weather clothes. >> cold weather clothing because of the heat, the warm weather is having issues. it is a small piece of our business. but hopefully it is going to get cold again. >> i have to tell you, i wish you the best of luck. it sounds like despite the plagues, things have been doing pretty well. this remains a very good call on if you believe the stock market is going to go higher. it's not all about the fiscal cliff. you heard it from the man. stay with saks, stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on a hyperactive lightning round. >>> it is time for the lightning round. play to this sound and then the lightning round is over
CNBC
Dec 14, 2012 9:00am EST
. >> very nice. >> all right. aside from that, we'll take a look at upbeat economic news out of china. the purchasing managers index rising to 50.9 in december. highest level since august. the surge also helped speculation the chinese government will take additional steps to support its economy. of the 15 times china's up 3%, since '09, s&p that day is up 13 times. almost every time. despite the futures today, is it a good omen for the markets here? >> look, there was a dichotomy in that government. there were people who were concerned about inflation. and there were people who said, listen, we're not growing fast enough. they do have a lot of levers. if they want to grow, i still -- i've been a bull on china. if they want to do 9%, 10%, they have the ability to do it. all they have to do is have a gigantic sewer infrastructure program. >> that's true. there's going to be an economic war conference held soon. it's believed the government will start to release growth forecast at that conference and perhaps unveil some further stimulus measures or tip their hat in terms of whether they
CNBC
Nov 30, 2012 11:00pm EST
likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on the electoral map. yes, you'll have to say goodbye to the fabulous 15% dividend rates and the capital gains rates will rise, not as much. the wealthy will pay what they had to pay percentage-wise during the best period for the stock market in my lifetime, the clinton years. i don't want to pay more tax. you don't, either. if we won't necessarily live happily ever after because of that i think we may be able to take -- i might be able to take this pin off before new year's day. wouldn't that be something? get this pin off before new year's day? that's why i need you to watch "meet the press" on sunday. not just because
CNBC
Dec 17, 2012 12:00pm EST
but with china looking up is the stock set for a surge? the "halftime" rumble is ahead. first our top story, biting into apple. citi downgrades the stock less than one month after calling it a buy. what does the firm's team of analysts see now? where will the stock head for header? traders are stephanie link, joe terranova, steve weiss and josh brown. you surprised at this downgrade? what does it mean for the stock which went under $500 a share today previously in the premarket? >> this is 20 days after initiating coverage of the buy. i guess i don't know which of the three of them was the most vociferous about downgrading because now it's three guys making the call. playbook one of them holds a little bit more sway. personally i really don't care. i don't think it's optionable, the initiation at the price it was at and now the call today. the way we're looking at apple, it's an oversold name. things that are not intonal to the business that are causing it. the stock looks like it could probably shrug off the latest downgrade from citi if only it looks from all of the pessimism about china
CNBC
Dec 17, 2012 4:00am EST
allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to be one of the pillars and hallmarks of his second time in office and he's wasting no time in piling on pressure on to the bank of japan who holds, of course, their two-day policy board meeting later on this week. here is what he had to say. >> i have constantly stressed our desire to present a policy accord in raising the inflation target to 2%. i do think it is unusual for monetary policies to come to the forefront during elections, but we have been able to gain much support for this. i hope the bank of japan will take this resu
CNBC
Dec 14, 2012 3:00pm EST
debut of the iphone 5 in china as well. nasdaq down by nearly 1%. it looks like it's sitting around the lows of the day. >> something more to watch. next week is a new week, folks. obviously a very difficult day for everybody in america, but we do appreciate you watching "street signs." cnbc will have continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to m
CNBC
Dec 5, 2012 4:00am EST
the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making china's famously inefficient bureaucracy more efficient. it's an effort to "win the confidence and the support of the people" as public backlash rose against the special treatment of politicians. so a new list of dos and don't's for chinese leaders. on the do side, cut down on giving face. the art of extreme flattery or reverence, which results in some very long meetings and speeches. keep them short and cut down on the lavish feasts. he's also encouraging more travel to rural parts of the country where the real problems are. on the don't's side, stop the empty talk. in china, niceties are often more formal and exaggerated than west. another one is don't stop traffic. if you've ever been to
CNBC
Dec 20, 2012 5:00pm EST
's interesting. they are a little bit defensive about china. the stock is sharply higher, but this is a mixed report. they beat by 14 cents on eps. a slight beat on revenue. 7% jump in sales, so, that's all good. north america is the real strength here and it was almost shocking how strong the double digit gains in apparel in the u.s. it's doing brutal in china and in terms of sales, they're used to double-digit gains in china. they saw double-digit negatives in china. so, the take away is, they're managing their business extremely well, despite weakness in china and north america is strong right now, so, if you believe in the thesis that the u.s. growth will be outstripping a lot of parts of the world, than nike looks pretty good right now. >> thank you for that, brian. and so some degree, we knew about the weakness in china, talked about inventories in china. >> we suffered the china weakness in the june quarter. that's where these guys -- they missed, they got destroyed that day and this is a company that has actually typically beat it over the last two years. but china is 11% of their sal
CNBC
Dec 11, 2012 6:00pm EST
are seeing a slowdown. i believe that we need to do some marketing in china. we need to see the destinations of the world. >> i was recently at a competent ter of yours. they had mark downs on warm weather clothes. >> cold weather clothing bought of the heat, the warm weather is having an issue. it is a small piece of our business. but hopefully it is going to get cold again. >> i have to tell you, i wish you the best of luck. it sounds like despite the plagues, things have been doing pretty well. this means a very good call on if you believe the stock market is going to go higher. you heard it from the man. stay with sacks, stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on a hyper active lightening round. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margi
CNBC
Dec 14, 2012 12:00pm EST
as the 4 s in china. let's get to the fast money halftime back at hq. >>> and, thanks very much. welcome to the halftime report. four hours to go until the close. here is where we stand on this friday on wall street, read arrows across the board the dow down 17. s&p, nasdaq negative as well. here is what we're following on halftime. face lift, facebook shares up 40% in the past two months and one of goldman's newest partners tells you where it is going next. debate it. walmart shares down 4% this week. taking a bit of luster out of what's been a good year for the stock. now two traders square off on whether the retailer is ready for another run. first our top story, apple's freefall. shares sinking to their lowest level in nine months today after ubs cut its estimates and price target. the man who slashed the stock in just a moment. but first our traders for the hour are josh brown, pete najarian, simon baker and j.j. pete, apple not far from the november low of 505. >> right. it's catching up very, very rapidly right now. it's been something where i know we've been talking about this st
CNBC
Dec 4, 2012 5:00pm EST
city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by 1.75%. could apple's problem be that its growth has, in fact, peaked. well respected strategist out with a note highlighting the multiple which has been in steady decline since 2009. the peak marked by the release of the iphone 3 gs and earnings growth is what the stock needs to go higher. so do you buy that perhaps margins have, in fact, peaked here and that the best is over for apple? >> i have a mic problemb now. if you look at wear google and microsoft have been on the margins this has been a place for the stocks. >> that is a great point. >> magic of live television. >> he strolled in. >> the price action is skimming. you can say what you want abou
CNBC
Dec 10, 2012 7:00pm EST
dollar funded battery marker a-123 systems is up for sale. the winning bid goes to -- china. so i asked was red china rising why u.s. taxpayers have to finance their battery companies. here's ann lee, author of "what the u.s. can learn from china," professor of nyu and visiting professor from beijing university and author kwof "death by china" and cnbc contributor. ann, let me go to you first. if we, the u.s. taxpayer and government are dumb enough to build a goofy battery company that goes bankrupt why shouldn't china scoop it up? >> i think this is a great story. first of all, taxpayer money wasn't wasted. all that money from the government went to help property plant and equipment here on american soil. and it's staying in america. chinese companies are not going to pack it up and move it to china. it's staying in the united states. they are going to hire u.s. employees to run it. that means more american prosperity. that's what we want. i think this is a win-win situation. the company that bought this is basically like the warren buffett of china. >> all right. let me get there. the
CNBC
Dec 14, 2012 4:00am EST
daily gain in more than thee years ago china gets ready to chart its new economic plan. domestic demand is strong enough to keep the lid on growth. >>> european markets get a lift from the latest european market data showing the private sector has expanded for the first time since april and signaling europe could avoid a recession in q4. >>> and japan's business sentiment sours in the fourth quarter. this reading comes two days before a nationwide vote that suggests it will hand the ldp position a landslide win. >>> we're going to give you all the latest results from the flash december data for the pmi for the eurozone that we're just getting out. the overall, the deposit is a touch stronger for the month of december. the details show the manufacturing weakened slightly and its services strengthened slightly. they are overall still in negative territory. and we're seeing the euro/dollar respond a little bit to the downside. down about 0.01% trying to fight back into flat on the day. 130.75 is the level there. again, the services pmi is at 47.8. compared with the 47 that was expected. it
CNBC
Dec 18, 2012 4:00am EST
has been better in china. offer, that hasn't been enough to move stock. the recent rally we've seen, still a lot of questions as to why exactly it's happening and whether the government can put in some reforms to keep that going. hong kong, aia shares resumed trading today. this is not -- the losses for aii were not too heavy, but the hang seng ending with losses. over in australia, the s&p asx 200 gained some ground, abo about .5%. it was the big miners that gained today. and this brings the aussie market to a 17-month high. we have some minutes out from the research bank of australia. we will see monetarying easing in the form of interest rate cuts last year. it's defying expectations because we are seeing some gains of about .6%. this is despite the rbi, the research bank of india putting rates on hold. as well as the cash research ratio, which many were predicting they would cut. kelly, back to you. >>> okay. as the trading year draw toes a close, we're turning our attention to 2013. there are a number of themes to focus on, pressure on the price of oil, indisexposeble incomes a
CNBC
Dec 16, 2012 6:00am EST
. >> and will it be in china? will the iphone make it in china? >> i got up this morning and turned on cnbc. >> of course you did. >> one dude was at the shanghai store in line waiting for the iphone 5. >> there are a lot of pre-orders. but the question is, will they get china mobile? that's 80% of the smart phone users in china. that's a big question. >> how long have we been waiting for apple tv? >> we could be waiting for months more. >> john has the latest on a developing story between apple and walmart. john? >> yeah, melissa. big news today that kind of slipped under the radar. that's that walmart is discounting apple products way more than we could have expected. the iphone 5 starting today, the entry level iphone 5 down to $127. normally, at most outlets, $199. the new ipad, the fourth generation ipad, starting monday is going to be at $399, plus they'll throw in a $30 itunes gift card. i've been trying to make calls to figure out what the nature is of this promotion. what i gathered is this isn't something apple is pushing at all which probably means walmart is using this as a loss leader. given the
CNBC
Dec 3, 2012 12:00pm EST
though from china, a place you look at closely. stocks, it's not like we're going down the tubes today. >> i thought we would have been a lot more because of not only china pmi but brazil. there is a lot in the last couple weeks, the data we have gotten has been mixed. particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to 2013. >> are you buying the market on any pullback? >> i like the santa claus rally with josh and would be raising cash. i think the risk in the markets further on the down side than the up side. but when you see some real pullbacks, buy the stock if you like it. >> morgan stanley's top market watcher has been bearish all year and n
CNBC
Dec 5, 2012 9:00am EST
with modest gains. europe holding onto gains and china up nearly 3% over night as shanghai catches a break. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's
CNBC
Dec 7, 2012 12:00pm EST
-digit comparables for breakfasts in china and the fact they're going to have 2,000 stores. >> first of all, i think you're confusing your culinary fantasies with the stock selection. it's a 10% grower. the environment has gotten so promotional and you can't really say that the management team is great. true, thompson's been there for 22 years. new ceo, but skinner's gone. and by the way, so many ceos left on top -- they've left while they're on top because the there's no gas in the tank. that's a trade if it happens. you'll see some short covering. bottom line, too slow, too promotional. i'd put money elsewhere. >> the stock hasn't done well. >> had a phenomenal 2011. slowdown in 2012. when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for me growing too slow. >> it
CNBC
Dec 26, 2012 5:00am EST
in india and china that all investors need to be aware of is the fact that corporate debt is now really building up to almost unhealthy levels. and i would keep an eye on where corporate debt levels are in companies investing in. >> when i was a corporate analyst in india tracking markets, technology was considered the engine of growth for the country and one of the bright spots for the market. is technology still one of the areas you are tell clients to invest in in india, or what are the sectors you're looking at? >> i think there's two sectors whether you look at india, china, or asia. there's two sectors we like. it's technology, as you said. i think that's one that -- it's a bright gem. you know, it went from, in india, from a bpo outsourcing business and has grown to an innovation business where brands are being developed and real technological gains are being had. the other sector we like is health care. the demand for health care in these markets is just continuing to grow steadily. obviously people are having longer lives, having more disposable income for health care and treat
CNBC
Dec 3, 2012 4:00am EST
particularly the china pmi numbers and what we've seen from gdp recently that maybe some of the markets key to u.s. exporters may be showing signs of stabilizing, maybe get to growth. so that might mean moderation in the eurozone might ease in the first quarter. but again, this is all dependent on what happens with that ongoing debt crisis and any step back in resolving that would obviously have a knock-on effect to the economy. >> i'm wondering whether germany as we look at -- they're just above sort of recession territory at the moment. i'm wondering whether if they get better growth out of asia, that will offset the weakness that they're seeing in europe enough to keep them above the pencil line. >> what we've seen so far with today's numbers is exports are declining very sharp. they'll need asia and the u.s. to offset some of that demand weakness, but again, the biggest market for most is the euro zone. if the eurozone is performing badly, that will have a thok-on effect for those countries. >> there's a number of strategists saying after the u.s. has sort of led equities for most of th
CNBC
Dec 5, 2012 11:00pm EST
throughout china, even showed you numbers that said unlike yum, kentucky fried chicken, it hasn't seen any deceleration in china. these are my ears like i listen, these are my eyes, i've watched. howard schultz, call me crazy, made major fortunes investing with them, my bad. and then i heard the questions from the audience, i didn't even listen. what were they looking at versus what i was looking at? they were looking at john carter, i was looking at the new bond movie. one after another, they were all downbeat. is the expansion too rapid? is china any good? whether demand for expensive coffee is there. i was waiting for a guy to say, listen, that triple cappuccino stinks. if i were howard, i would tell them to take a hike. they were too negative versus what the company's up to. their pessimism? opportunity. starbucks was actually down. one time -- i have the apple ipad, you know, thing i'm like, wow, it's under 50. i mean, wow. terrific opportunity. ipad, i mentioned it, surprised one didn't come down and hit me over the head and knock me out. apple. if we're going off the fiscal cliff, w
CNBC
Dec 6, 2012 7:00pm EST
line of mac computers in china, apple is set to bring some of its manufacturing jobs back home to the usa. is this a political move or is this a clear-cut economic manufacturing move? here to discuss is "forbes" columnist and china export gordon chang, the author of "the coming collapse of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think appl
CNBC
Dec 10, 2012 12:00pm EST
to play something like this, but given that it's china, i think the second largest customer of china, the u.s., avoiding the fiscal cliff, will be very good for them. you look at the build that it's had over the past three weeks, judge, it's up from roughly 35, pushing up towards 39 right now, that etf is, and i think if and when we do push this behind us, the fiscal cliff, that is, i think this one goes into the mid 40s. so i would buy fxi. >> let's debate these around the table a little bit. stephanie? i mean you're more positive i guess than negative on china. you like the fxi? >> we have been involved in it for awhile. we like a lot of the industrials. we like a lot of the mining stocks. >> have we talked about that one? >> maybe just a little bit. i do think you are definitely seeing some momentum pick up in china. and some of the nonbelievers are starting to become believers. and the data over the weekend was pretty compelling. other than the trade data and the export data, which i think people are expecting it to be a little bit soft given what's going on in the global world.
CNBC
Dec 19, 2012 5:00pm EST
there are three things. increased dividend in april. number two, china mobile, about 500 million subs, that should be a catalyst for iphone growth in the back half and lastly, much talked about anticipated is apple television. so, near term, we feel good about iphone. longer term in 2013, we think there are going to be several catalysts. combination get us comfortable. >> what factor is the 24% decline from the september peak in branding apple the top pick of 2013? i'm just wondering, you know, given the steep pull-back, you are simply seeing that upside, a meaner version report of trade in 2013. >> well, i think the reason, you know, you talked a lot about it. there's been many reasons behind it. everything from potential increase in tax treatment for capital gains to potentially people's concern about the iphone. i think that's the fundamental reason. we feel good about it based on our work. i think that concern has really driven shares lower here. ultimately, when they report the december quarter, we'll know. we think that's going to be positive for shapes. >> hey, gene, it's dan. it seems like
CNBC
Dec 26, 2012 12:00pm EST
the blackberries for the physical keyboard. it's a blog on a blog on a blog reportedly leaked out of china. it's got a hard wired keyboard attached to it. that's still a draw for people. that's what i'm seeing as possibly the only reason the stock may be moving today. so this is going to be a hot traded stock, guys, until january 30th, whenever that blackberry ten is supposed to officially roll out. >> likely beyond that, sully. weiss? >> i bought a little last week when it came down. of course traded down further after that. now it's trading back up. s if going to have two versions. it is going to have keyboard and it is going to have a virtual keyboard like the iphone. that will be out. on a day like today where there's low volume, you can get the stock going anywhere you want to go. jcpenney is an example. i wouldn't read any more into it than that. >> did you talk to rim today. >> i did not talk to rim. i can call them during a break. >> i swear, i think worse than hines, i think he was sitting courtside at the heat game. if he wasn't, a guy who looked exactly like him. if he was, tweet us
CNBC
Dec 21, 2012 6:00pm EST
on a trampoline or deep pool. we think housing, autos, anything china related can be bought right here using weakness as an opportunity to buy and not sell as we work toward a deal. keep in mind that it might take until the super bowl when everyone by then would have seen the truncated paychecks and got to get a deal then. give them the failure of the government to rise up to a compromise on the cliff so far. you would expect a bigger sell-off today unless of course you recognize that a compromise is more easily reached in 2013 than 2012 and maybe a stopgap. if we wake for a kick the can deal, what's the point of selling? it's better to be a buyer instead of seller. compromise is far more likely than not despite last night's shenanigans. jack in florida, jack? >> caller: i read your book. i enjoyed it very much. >> thank you. >> caller: i'm following a sector rotation strategy with some of my investments. currently in the material sector. and hoping to catch more of the housing uprise. but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consu
CNBC
Dec 24, 2012 4:00am EST
into a trampoline or a deep pool. housing, autos, thinking china related can be bought right here. this is an opportunity to buy not sell as we work towards a deal. it might actually take until the super bowl when everyone by then will have seen their truncated paycheck and you have to get a deal by then. you would have expected a much bigger sell-off today unless, of course, you recognize that a compromise is much easier reached in 2013 than 2012. if we only have to wait a short time before we get a kick the can deal from the government, better be a buyer than a seller. compromise is far, far more likely than not, despite last night's shenanigashenanigans. jack in florida, jack? >> caller: i read your book. i enjoyed it very much. >> thank you. >> caller: i'm following a sector rotation strategy with some of my investments. currently in the material sector. and hoping to catch more of the housing uprise. but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinkin
CNBC
Dec 10, 2012 9:00am EST
. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit hi
CNBC
Dec 6, 2012 4:00am EST
. china state picc group raising more than $3 billion. it's the territory's biggest ipo in into years. still to come, didn't have to price it toward the bottom of the indicative range, maybe a sign that the appetite from the listings remains week. and managing liquidities also a priority. this week the pboc switched back to pumping money into the banking system after withdrawing more than $40 billion over the last month. reports suggest possible $1.8 billion is a moderate amount compared to what the pboc is used to putting in. andrew, very strong session yesterday for shanghai. flat today. after a period of underperformance, will it turn around or not going into 2013? >> well, i think in the recent couple of weeks actually, we're seeing quite positive economic data coming out of china. pmi is improving. and consumer sentiment is the highest. and for the past five months. but this have not translated into a more robust market. this is because for the past two quarters, there is all bad news. so there was kind of negative feedback loops that caused the market to be oversold. and then it
CNBC
Dec 19, 2012 4:00am EST
.s. has slapped duties on wind turbine towers on china on price its says were unfairly cheap. this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of con
CNBC
Dec 5, 2012 5:00pm EST
thanks to china. china overnight sifted past urban mization which led people to think copper, comment, etc. would do well. and that helped the markets. >> statements were consistent, getting clarity in policy, that was good. i totally agree with these guys, in apple's fall and the market's sustenance of a pretty good range is very, very good. the other part of china and apple, old girlfriend come back into the fold. >> looking good. >> they're going to do mogul and aluminia 922 t. it's a sign that maybe apple will not have this big windfall with china mobile which is 670, 680 million subscribers. last week we talked about the china unicom deal, they got the approval to run the apple iphone. when you look at apple, they're getting dinged on both sides of the pond. at&t at their conference indicated smartphone sales are down or slightly moderate, which isn't what apple is 130esed to do. >> the only thing i would add, look at the aussie dollar. it did not rally. if there was going to be a big commodity rally, the aussie dollar would rally. >> is that because of the tax -- not the tax, th
CNBC
Dec 5, 2012 6:00pm EST
>> hewlett-packard, have your exits ready for yourself. >> bk? >> if you want to play china but don't want to buy the a shares, look at taiwan ewt. government is supporting that market. >> i'm melissa lee. thanks so much for watching. we have the ceo of lu lu. see you back here tomorrow night for more >>> i'm jim cramer. and welcome to my world. you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere, and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain but to coach you and teach you. so call mel at 1-800-743-cnbc. it is so easy to be negative right now! >> boo! >> incredibly easy. and when the gloom lifts. >> the house of pain. >> it almost feels like a reprieve from some sort of stock market death sentence. as it did today with the dow climbing 83 points. the nasdaq declined .77%. largely because of apple, mor
CNBC
Dec 6, 2012 12:00pm EST
that china mobile will take longer to start selling the iphone given it's already picked up nokia's latest lumia. reports apple is asking for fewer iphone 5 parts from suppliers and people wrapping that in with fears apple is losing phone market share to android and dealing with compressed margins from ipad mini and other products. as a reporter covering the company i wonder if some of us have crossed over to irrational despondency on apple. tim cook set a high bar in revenue for the quarter, he just had a big opportunity to drop a hint in interviews with nbc's brian williams and bloomberg "business week." so far it seems he didn't do that. iphone 5 supplies coming into balance available to ship in two to four business days online. ipad mini demand outstripped supply which could mean margins are better than apple projected. there are open questions on the pro and con side of apple but the most important ones, these questions can apple ramp iphone supply ahead of the quarter and will depend be there for the smaller ipads in the face of competition from amazon and google? seems like those ar
CNBC
Dec 13, 2012 12:00pm EST
. we've talked about kind of the industrial recovery and the global recovery in china and in brazil. and i think that theme still is very, very powerful. and i think home here, housing. and i think the fed yesterday, the nbs purchases, reinforces that housing will continue to be a theme. >> all right. we're going to take a quick -- i'm sorry. >> that 6% surge -- no, that's okay. out in california, those housing numbers, highest in several years, that's a good sign. and all we've got to do is get harry reid and john boehner out of that alternativalit john mcafee is in because they seem to be living in that same weird world that that tech entrepreneur lives in. they've got to get and rise above, as we've said over and over again, they do that, this market's got a lot of gas to the upside. >>> on the way, judging big ben. where traders stand on the markets today after the fed chief delivers fresh thoughts on the economy. and r.i.m. shares trading at seven-month highs. can they continue to deliver returns to investors? >>> first, is the magic in the makeup for estee lauder? executive ch
CNBC
Dec 11, 2012 4:00am EST
.s. in general is looking positive. and the u.s. is creating a lot more jobs. china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the e
CNBC
Dec 4, 2012 9:00am EST
aren't you shopping? i question your patriotism. >> i bought enough stuff from china and thrown it away already. >> right now for valentine's day shopping we have to solve that long beach strike. >> clerical workers. >> you can't get things i want to start shopping for for valentine's day the moment christmas and hanukkah is over. you have to start shopping for the next day. that will be constrained because of the port strike. >>> when we come back, house majority whip kevin mccarthy did sign this offer from the gop. can he convince the white house to back the republican solution to the fiscal cliff? one more look at futures on a tuesday morning as melissa said. not a lot of data today. just wait until the next three days. it all starts with adp, jobs coming up later this week. more "squawk on the street" back in a minute. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy
CNBC
Dec 12, 2012 1:00pm EST
, china on the long side. >> that does it for us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an economic trigger. an date. fed chief bernanke gearing up in about an hour's time. apple moving into your living room. yes, sir. tech tightian reportedly closer to testing several tv set designs. will it be the game-changer that so many have been waiting on? and you heard it here on cnbc. j.p. morgan's jamie dimon. taking about the fiscal cliff. do they expect a deal? their take on what happens if we do go over. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i spent the afternoon at blackrock's trading room and i
CNBC
Dec 17, 2012 5:00pm EST
that sign out of china. you are seeing that the biggest industrial exporting country in the world, germany, look at the autos, look at volkswagen, these guys are in multimonth highs and many cases, multiyear highs. this is telling you that the global economy is not dead. when you layer in, you know, kay schiller at six-month highs and the housing stocks doing what they're doing, this shouldn't be a big surprise. >> we have japan with its election, stimulus is on the way there and the european data doesn't seem to be getting much worse. >> potentially europe looks like it's at least stabilized. if china has a soft landing, it's pretty hard to get bearish on the global economy when you have two of the major economies hopefully and looking like -- >> we are only a couple percent from the highs we made. what is it discounting? and just one other point, if you look at the bank stocks, the way they act here, if you look in europe, the euro stocks bank index is really flat here. for the last couple of months here and to me, you know, the u.s. banking index needs to see the confirmation of europe
CNBC
Dec 17, 2012 9:00am EST
a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversin
CNBC
Dec 3, 2012 9:00am EST
up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. li
CNBC
Dec 31, 2012 9:00am EST
't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing suddenly got off the rails. take a listen to mitch mcconnell last night talking about the pace of the negotiations here and the frustration that he's experienced going through all of this over the weekend. take a listen. >> now, i'm concerned about the lack of urgency here. like we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american
CNBC
Dec 6, 2012 9:00am EST
a million reasons, well, it's a nokia phone, well, it's china. ipad miniis available. this is a stock that's so widely owned. it reminds me of sirius satellite. every doctor, every dentist owns apple. they don't know the price per share, they just know it is the proxy for the market. >> they just accelerated dividends. but i think we're talking now 150 companies in some fashion have accelerated or put forward a special dividend. you put forward a special market share, china is 76, with the market share at least. >> is it a disappointment that apple did not pay a special dividend? is that part of this? >> there was some of that. >> there was some expectation? not that they ever gave any voice to it. they never said a word about it. >> true. >> look, it is widely owned if the stock were -- it's obviously, here's the stock that went from 70 to 50, maybe it goes to 48, 45. everybody who doesn't know what apple is, other than the fact that they use an imac or iphone are selling it. and, look, if you're a hedge fund manager you went from thinking i have to own it, or i have to short it. . >> in
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